Bloomberg reported that Indonesian coal output could rise by another 5.2 percent this year to meet growing demand.
As quoted in the market report:
The country may produce 400 million metric tons as long as prices stay above $92 a ton, Bob Kamandanu, the chairman of Indonesian Coal Mining Association, said in an interview while attending a conference in Singapore today. Output was 380 million in 2012.
Love It Or Hate It: 40% Of Electricity In The United States Is Generated From Coal. China uses even more.
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